The cable you got does not mention support for M1 models.

I would go for something like this:

https://www.amazon.com/Silkland-DisplayPort-Thunderbolt-Compatible-MacBook/dp/B09M38CXZ3/ref=sr\_1\_1\_sspa?crid=3PGT7AAXYMHB6&keywords=thunderbolt+to+displayport+m1&qid=1653746958&sprefix=thunderbolt+to+display+port+m1%2Caps%2C75&sr=8-1-spons&psc=1&spLa=ZW5jcnlwdGVkUXVhbGlmaWVyPUEyTlBBMkg3RVJIN0ZFJmVuY3J5cHRlZElkPUEwMTE5NzUzM0xMNDhRS081RkQ5JmVuY3J5cHRlZEFkSWQ9QTA3NTUyMDcxRDJSMkdTTkcyUFQ2JndpZGdldE5hbWU9c3BfYXRmJmFjdGlvbj1jbGlja1JlZGlyZWN0JmRvTm90TG9nQ2xpY2s9dHJ1ZQ==

I had that exact same problem! I had used a dongle and that didn't work. the fix was, I bought actual cables, USB-C to DP. plugged in from the laptop to the monitor directly. I get a smooth 4k, 144hz on my monitor that is rated as V-SYNC compatible. I am not sure what your monitor has, but it is Freesync, it might not work with the NVIDIA GPU.

I bought these:

https://www.amazon.com/dp/B08BXPVPPQ?psc=1&ref=ppx_yo2ov_dt_b_product_details

https://www.amazon.com/dp/B09HKL7M2N?ref=ppx_yo2ov_dt_b_product_details&th=1

I think I am currently using this one:

https://www.amazon.com/dp/B09M38CXZ3?psc=1&ref=ppx_yo2ov_dt_b_product_details

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This absolutely DID NOT work!

https://www.amazon.com/dp/B085HNGLZR?ref=ppx_yo2ov_dt_b_product_details&th=1

​

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Beware the dongle!